Please ensure Javascript is enabled for purposes of website accessibility

j2 Global Buys Backup Connect

By Rich Smith - Apr 17, 2013 at 2:59PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Financial impact of buying Netherlands company "not expected to be material."

j2 Global (JCOM 1.72%) just keeps on growing -- by acquisition.

In its third corporate purchase in the past three months, j2 announced this morning that it has acquired Netherlands-based Backup Connect BV, a provider of online data backup services.

j2 did not disclose the terms of the purchase, saying only that "the financial impact to j2 is not expected to be material." According to j2, the deal ensures the company "has customer bases and prospects serviced by local sales, support and online backup infrastructures in the US, UK, Ireland, New Zealand and The Netherlands." The company says it's planning further acquisitions.

As the rest of the market melts down today, j2 shares are dodging the worst of the damage, down only 0.1% at $38 and change as of this writing.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

j2 Global, Inc. Stock Quote
j2 Global, Inc.
$77.28 (1.72%) $1.31

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/29/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.